The seller was Sherlon, whose asset manager is Miami-basedForum. The seller was represented by Lou Nutter, of CB RichardEllis. Birmingham, AL-based Graham & Co./Corfac International'sPeter Crolius, managing broker for the company's Jacksonvilleoffice, represented the buyer.
"The building has some unique characteristics for DowntownJacksonville," Crolius tells GlobeSt.com. "There is quite a bit ofparking, the potential for building signage for a large tenant. Ithas a lot of upside potential."
The building is located along the St. Johns River in the city'snorthbank Downtown core. It features a deli, on-site parking, viewsof the river and Downtown, and access to Interstate 95. "TheDowntown Jacksonville office market is highly competitive and thisfacility is located in the primary commercial district," Croliussays.
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